Bitpesa Allows African Businesses to Trade with Their Chinese Counterparts
Bitpesa has now started to offer B2B fund transfer services between African nations and China. The digital currency that knows no boundaries — Bitcoin has been rightly called as the universal currency. The decentralized nature of Bitcoin makes it a truly global medium for value exchange, not under the control of any one country or institution. This very nature of Bitcoin is now being utilized by many companies in the African continent to conduct trade with those in China. Bitpesa, the Bitcoin payments application which started as a cryptocurrency based contender for Mpesa is now offering....
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BitPesa receives a Series A funding of $2.5 million from few leading names in the investor community. The leading African Bitcoin payments startup, BitPesa has successfully raised $2.5 million in Series A funding. Led by Draper VC, Greycroft LLC and other existing investors have participated in the company’s latest fundraising round. BitPesa has established itself as one of the leading cryptocurrency businesses in Africa. The Kenyan company has been proactive in the region’s financial sector by offering Bitcoin-powered financial services to the unbanked and the underbanked population. The....
Users in Kenya, Uganda, Tanzania, Nigeria and the Democratic Republic of Congo can now send money directly to bank accounts in China. BitPesa, through its website, is helping businesses in China and Africa to send instant payments in local currency directly from African bank accounts to Chinese bank accounts. Users in Kenya, Uganda, Tanzania, Nigeria and the Democratic Republic of Congo can now send money directly to bank accounts in China. The remittance service offered by BitPesa is low-cost as it cuts conventional money transfer costs by up to 60%, according to the company. The trade....
BitFury announced on Monday that it has invested in BitPesa, a universal payment and trading platform for the African continent, via its investment wing BitFury Capital. Why BitPesa? The platform allows individuals and businesses to send payments to and from African countries; namely, Kenya, Nigeria, Uganda, and Tanzania. BitPesa accepts Bitcoins from anywhere in the world and exchanges it for local African currencies. In addition, BitPesa offers a service to convert the local African currencies into international currencies with the use of Bitcoin, hence removing the dependence on the US....
Bitcoin blockchain mining infrastructure provider BitFury has announced it has made a strategic investment in the universal African Bitcoin exchange BitPesa. Founded in 2013, BitPesa sees itself as an easy way for businesses and individuals worldwide to buy and sell local African currencies through Bitcoin to Kenya, Nigeria, Uganda and Tanzania with the monetary settlement taking place directly with African banks and mobile money accounts. BitPesa is also one of the few Bitcoin organizations in Africa that provide bank deposits and withdrawals, which allows senders and receivers to take....
Bitcoin startups BitPesa and Bitbond, based in Africa and Germany respectively, have announced a new initiative to bring financing options to businesses in Kenya, Nigeria, Tanzania and Uganda. The partnership sees BitPesa, a pan-African bitcoin payments startup that initially launched in Kenya in 2013 as the continent’s first bitcoin company, with Bitbond, a prominent Berlin-based peer-to-peer crowdlending platform for small and medium-sized enterprises globally, while the public Bitcoin blockchain for payment processing. Bitbond claims to have processed over 1,6000 loans worth $1.2....